The market is constantly changing, and market conditions are unpredictable. Different pitfalls appear in the absence of any news. The cryptocurrency market suddenly collapses without any warning. The price of BTC drops to a minimum of $85323, which is $4000 lower than the highest point of the day. This immediately leads to liquidation in the futures market. In the past hour, the total amount of liquidated positions on the network reached $141 million, and $488 million in the past 12 hours. Among them, the estimated amount of liquidated long positions in the past hour is about $131 million, and about $298 million in the past 12 hours. If you hold spot positions, there may be another rapid drop, and the liquidated funds in the futures will drop to zero and cannot be recovered for longer. This reminds us again of the importance of managing positions, taking profits, and stopping losses in futures operations.

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In a one-way market, all contractions can be seen as corrections. This type of corrective market is actually easy to understand. As mentioned yesterday, after the price increase, it will definitely undergo a consolidation process. Consolidation is the best opportunity for both long-term investors and short positions. The next step is to see if there is a second round of upward movement. On the hourly chart, a corrective oscillation is now being maintained after a continuous upward movement. There may be some adjustments and corrections in the short-term direction, and the corrective trend may continue today. On the four-hour chart, temporary oscillation of the direction is at a high level, with few rebound operations. The candlestick chart continues to run on the short-term moving average, showing relatively short-term strength.
#BTC持续攀升，本月底能否超过$100K? #SOL or ETH, 谁更值得期待呢？ #AI meme币ACT市值能赶上GOAT吗？